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Scottish operation may escape Merrill Lynch cut-backs

Merrill Lynch, the Wall Street investment bank, yesterday said it would cut a further 2900 jobs worldwide - but an insider signalled to The Herald that its small Scottish operation may escape unscathed.

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MARK SMITH, Deputy Business Editor

Merrill Lynch, the Wall Street investment bank, yesterday said it would cut a further 2900 jobs worldwide - but an insider signalled to The Herald that its small Scottish operation may escape unscathed.